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During that time, the city was the leading centre for finance and diamonds.

In the 19th and 20th centuries the city expanded, and many new neighborhoods and suburbs were planned and built.

From the 14th century on, Amsterdam flourished, largely from trade with the Hanseatic League.As the commercial capital of the Netherlands and one of the top financial centres in Europe, Amsterdam is considered an alpha world city by the Globalization and World Cities (Ga WC) study group.The city is also the cultural capital of the Netherlands.In October 2008, historical geographer Chris de Bont suggested that the land around Amsterdam was being reclaimed as early as the late 10th century.This does not necessarily mean that there was already a settlement then, since reclamation of land may not have been for farming—it may have been for peat, for use as fuel.

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